Internet service provider BT Group Plc (BT,BT_A.L) announced Wednesday that Gavin Patterson will succeed Ian Livingston as chief executive of the company.
The company said that Ian has agreed to take up a role in government as Minister of State for Trade and Investment. He will continue as chief executive of BT until he steps down from his post and from BT's Board in September.
Gavin Patterson has served as chief executive of BT Retail and as a BT Board member since 2008, having joined the company as a senior executive four years prior to that. He will take over as chief executive of BT Group in September.
The company stated that Ian will join the House of Lords prior to taking up his front-bench government post in December.
An announcement about the specific September date on which Ian will hand over the BT chief executive's post to Gavin will follow in due course, the company said.
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